Yahoo Finance is tracking Aetna, Altaba, General Motors, KBHome, Nvidia and Target in intraday trading on Wednesday.
Aetna (AET) – Citi placed Aetna on its “focus list” and initiated coverage on the stock with a buy rating and a price target of $180. Citi is bullish on the health insurer because of its exposure in both commercial and government sectors. Aetna shares have climbed nearly 22% since the start of the year.
Altaba (AABA) – JPMorgan initiated coverage on the stock with an overweight rating and a price target of $65 per share. Altaba is the holding company left behind after Yahoo sold its core internet business to Verizon. Verizon is the parent company of Yahoo Finance.
General Motors (GM) – Morgan Stanley issued an overweight rating on the automaker and a price target of $40 per share. Analyst Adam Jonas’ price target implies a 17% jump for the stock from Tuesday’s closing price.
KBHome (KBH) – The homebuilder reported better than expected second quarter results, posting earnings per share of 33 cents on revenue of $1 billion. Analysts were expecting EPS of 26 cents and revenue of $930 million. Shares of KBHome have soared about 44% since January 1.
Nvidia (NVDA) – Mizuho sees further upside for Nvidia. Analyst Vijay Rakesh boosted his price target on the stock to $170, noting second-half tail winds. He thinks Nvidia is starting to see some traction with its new DGX-1 and sees upside “as near term cryptocurrency and mining trends are driving GPU shortages.”
Target (TGT) – The retail giant has launched next-day delivery in Minnesota after testing the service with employees. The restock service ships household items and is available to Redcard holders for a $4.99 shipping fee.
For more on Wednesday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.